Bharti Airtel Long term Technical Analysis

Hi friends,
                   Revisiting Bharti airtel long term Technical analysis,Had posted this last
in November 2013 ,To visit old post go here Bharti Airtel .
Stock has traveled some distance in its e wave fall from 350 it has already tested
300.

This stock has been moving
in this squeeze from 2007
so once it breaks that a nice
trending move is possible
in this stock.
Ideal strategy would be
to buy in dips for investors
every dip accumulate for
handsome gain ,My tentative
target for this stock bottom


is 270-250 ,Plan accordingly breaking below lower trendline looks quite rare,But we are in stock
market so need to have some stop in place even for investment ,Below 200 i would be worried about my investment and would look to dump it in rise.Looking for what fundamental push would
make Bharti to give that push up Retail??Fingers crossed.
Regards
Rish

Tata steel short term trade

Hi friends,
                   Tata steel gives an opportunity to gave a short term trade setup in it.
It looks to me a falling wedge or ending diagonal in happening in it.

 Trade idea would be to buy the stock in dip around 344-345 with a stop loss
below 333 first target 360.

Regards
Rish

TCS Short term trade

Hi friends,
                    TCS has made a nice squeeze on hourly chart
abcde which can be seen in following chart.

Looking at the chart we
can see that todays low
after gap down finished
e leg of the squeeze.
Now above 2187 stock
would gain strength ,Once
it crosses 2187 it can target 2250.
Ideal trade setup would
be to buy in dip or buy above 2187
stoploss would be below 2130.


Lets see how tcs responds ,Above 2250 it would be a breakout and a positional trade
so first hurdle 2187 second hurdle 2250.

Regards
Rish

ICICI BANK Technical view

Hi friends,
                   Looking at Banking heavy weight ICICI BANK Technical chart,It can be easily figured
out from the daily chart we did abcde from august end 2013 to early December 2013.
Lets look at the daily chart.

The red line shows the abcde
after abcde we have a fall
which as of now can be classified
in impulse down as well as
complex correction.Impulse
down would be more bearish
thing,As of now lets assume
complex correction on and lets
see the hourly chart to see the
fall closely.


The impulsive fall from e top would be damm bearish scenario ,Me taking the fall as
complex correction as shown in following chart.

From chart we can see that
we have done one abc ie w
followed by a X wave and
again we in a fall which should
finish by 940 ,Its good support
fot the stock,I expect a nice
pull back from 940 level
but that would be a short term
bottom only according to me .
Wxy is forming we have done


W and X right now a of Y is going on which is in final stage of its finishing,Track this
stock for short term bounce once 940 is touched.

Regards
Rish